Folks assists Boreo Group in a transaction in which Boreo will acquire the entire share capital of Spetselektroodi AS from its founder, Indrek Ranne.
Founded in 1995, Spetselektroodi operates as a distributor of welding and cutting products and solutions in Estonia. For the fiscal year 2024, the company’s revenue was EUR 3.6 million, and its operating profit was EUR 0.4 million.
The completion of the transaction is subject to approval by the Estonian competition authority.
Read more about the transaction from Boreo's press release.
